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Business, 03.04.2020 18:54 manuellopez1981

A parent acquires 90% of the voting stock of a subsidiary for $200,000. The FMV of the noncontrolling interest was $20,000. The subsidiary’s book value at the date acquisition was $100,000. All of the subsidiary’s assets and liabilities book values equal FMV, except for equipment, which is undervalued by $56,000.Required: 1) Calculate the total consolidated Goodwill at the date of acquisition 2) Calculate the amount of consolidated Goodwill attributed to the noncontrolling interest at the date of acquisition

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A parent acquires 90% of the voting stock of a subsidiary for $200,000. The FMV of the noncontrollin...
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